GF Fund Management CO. LTD. Reduces Holdings in FTAI Aviation Ltd. (NASDAQ:FTAI)

GF Fund Management CO. LTD. lessened its stake in shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Free Report) by 55.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,679 shares of the financial services provider's stock after selling 10,613 shares during the period. GF Fund Management CO. LTD.'s holdings in FTAI Aviation were worth $964,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Capital International Investors increased its holdings in FTAI Aviation by 39.7% in the 4th quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock worth $1,537,940,000 after acquiring an additional 3,034,838 shares during the last quarter. Norges Bank purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $183,688,000. William Blair Investment Management LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $174,372,000. Shellback Capital LP purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $76,510,000. Finally, Two Sigma Advisers LP grew its stake in FTAI Aviation by 24.5% in the 4th quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Price Performance

FTAI stock traded down $3.46 during midday trading on Monday, reaching $111.49. The company had a trading volume of 1,736,682 shares, compared to its average volume of 2,151,839. FTAI Aviation Ltd. has a 1 year low of $75.06 and a 1 year high of $181.64. The company has a market capitalization of $11.43 billion, a P/E ratio of 530.90 and a beta of 1.62. The firm has a 50-day moving average price of $117.37 and a 200-day moving average price of $115.96.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a return on equity of 438.32% and a net margin of 3.74%. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm's revenue was up 53.7% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is currently 571.43%.

Insiders Place Their Bets

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 3,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $94.54 per share, with a total value of $283,620.00. Following the purchase, the chief executive officer owned 341,852 shares of the company's stock, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David Moreno acquired 6,580 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average cost of $94.85 per share, with a total value of $624,113.00. Following the purchase, the chief operating officer directly owned 231,623 shares in the company, valued at $21,969,441.55. This represents a 2.92% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 10,667 shares of company stock valued at $1,008,715 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FTAI shares. Morgan Stanley reduced their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. JMP Securities reduced their price target on FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating for the company in a research report on Thursday, May 8th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus raised FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Finally, Wall Street Zen raised FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $171.83.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.